Personal Injury Compensation - How to Get the Compensation You Need
It is normal to worry about your finances when you are in an accident. This is particularly true if your injuries are serious.
There are ways to be compensated for your injuries. This includes economic and non-economic damages like pain and suffering.
Economic Damages
When you suffer an injury because of the negligence of someone else you are entitled to financial compensation. This compensation is intended to assist you in regaining the lifestyle you had prior to your injury.
There are two kinds of damages monetary that can be granted in personal injury cases which are economic damages and non-economic damages. The first is to pay for the financial loss you suffered as a result of the accident while non-economic damages are intended to compensate for your emotional hardships.
In many instances, a jury or judge will award a victim economic damages to cover their loss of wages, medical bills and rehabilitative treatment along with damages to property, such as repair and replacement. The damages in this category are real in the sense that it can be documented through receipts as well as pay stubs, bills and receipts.
A defendant's reckless behavior could result in different economic loss. These losses include:
- Loss of Earning Capacity
A person who is injured may suffer a lower earning capacity following an injury. They might be forced to take a lower paying job or even permanently disabled.
Future earning capacity
This can be a challenging measure as it is contingent on the age, the industry and the trend of a victim's career at the time of the accident. One person could be young and have a promising career, or they might have a retirement plan.
Past Capacity for Earning
This poses a challenge for jurors since it requires a thorough examination of the victim's work history and future earnings. For example, a victim could be a recent graduate with a promising career path in engineering.
In addition to the loss of wages, the victim might have incurred other expenses such as medical bills, car repairs or even out-of pocket expenses for medication or therapy.
These expenses can add up to a significant amount of money. Add all of these costs to determine what your economic damages might be will help you receive a fair settlement.
There are personal injury attorney west palm beach that affect the exact amount of your financial damage, which is why it's crucial to consult an experienced personal injury attorney who understands how these damages are calculated and granted. Your lawyer will provide you with a list detailing all of your economic losses and help you identify experts who can assign a dollar value to these losses in order to determine your compensation.